Committee: captive insurance study shows promise but state guidance needed
Parish Administrator Dr. Ken Ward told the Insurance Committee on Sept. 16 that the captive insurance feasibility study showed positive elements but left questions about whether a public body can form a captive; he said the Louisiana Department of Insurance and constitutional language need to clarify next steps.
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Dr. Ken Ward, Parish Administrator, summarized the Captive Insurance Feasibility Study and told the Insurance Committee that while "the results of the study are positive in some respects," the parish still needs answers from the Louisiana Department of Insurance about whether a public body can legally form a captive under current constitutional and regulatory language.
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